Samjens Partners I v. Burlington Industries, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• board was justified in granting break-up fee when it realized that the bidder would withdraw without the fee
• breakup fee calculated as two percent of the value of the company was not so onerous as to end the auction
• option to purchase shares, expense reimbursement, window shop, and management incentive and compensation agreements upheld
• breakup fee calculated as two percent of the value of the company was not so onerous as to end the auction
• break-up fee protected by business judgment rule

Source: CourtListener parenthetical corpus (CC0).